Hyundai is hiring 80,000 new workers

Hyundai Motor Group has announced plans to create tens of thousands of new jobs at home and make new investments to strengthen its status as a global mobility provider and enhance future competitiveness, according to a press release from the Korean company. Hyundai announced that it will hire a total of 80,000 workers in Korea alone and invest 68 trillion shillings (46.8 billion euros) in the next three years. It is assumed that this could create a total of at least 198,000 new jobs, including suppliers.

This comes at a time when, according to Hyundai, the boundaries between industries are breaking down and merging. Especially now it is important to find the engines of future growth through constant change and innovation in an uncertain business environment. At the same time, it is associated with the vision of the Hyundai Motor Group, the dream of humanity “Safe and free movement and peaceful life” to identify The Hyundai Group is committed to providing customers with a new mobility experience by developing the most innovative and reliable global mobility of the future, including zero-emission mobility that can be used safely by all customers.

Hyundai Motor Group is currently developing its next-generation mobility initiatives, including electrification, Future Air Mobility (AAM), Software Defined Vehicles (SDV), autonomous driving and robotics. In order to significantly improve the quality of people’s lives, the company also designs a plan for the city of the future as a space where people, nature and architecture interact sustainably and focuses on the three areas of energy, mobility and transportation.

“The capacity of the group will be strengthened to achieve a smart people-centered city that connects people and coexists with nature and enables all generations to enjoy happiness through the hydrogen ecosystem, low carbon energy, as well as small generation nuclear power plants future. SMRs), mobility solutions that enable seamless mobility, and advanced hardware systems and autonomous driving and robotics together organically “says Hyundai in its press release.

44,000 new employees for the new business location alone

The Korean automaker believes that hiring and investing in Korea will contribute to the joint growth of diversified and integrated industries, strengthen Korea’s global leadership as a hub for future mobility innovation and promote the revitalization and development of the ecosystem of related industries. . The focus of the new hires is on new business areas of the future such as electronics and software development. Only 44,000 people, i.e. 55 percent of the 80,000 employees, are to be employed in the new business area.

The investment will aim to expand R&D and research infrastructure as well as expand new factories to increase the production capacity of electric vehicles, it said. In particular, large investments should be made in the construction and operation of electric vehicle factories in Korea. Hyundai Motor Group will complete the construction of electric vehicle plants in Hwaseong and Ulsan, starting with the Gwangmyeong EVO Plant (Ibo Plant), which will be completed this year, as well as converting existing factories to electric vehicle lines.

Major investment and employment is also expected at the Hyundai Motor Group Global Business Center (GBC), which will be built as a landmark that marks Korea and Seoul and will provide a testing ground for future companies, according to the statement. “Hyundai Motor Group recently submitted a proposal to change the structure of the GBC to the Seoul Metropolitan Government, and consultations are currently underway. As the licensing process accelerates, investment and employment are likely to increase”He says Hyundai.

With Hyundai Motor Group’s record profits last year and stock prices approaching an all-time high, shareholders and various stakeholders at the recent shareholder meeting demanded Hyundai Motor Group provide a comprehensive vision and future guidance. In response to the situation, Hyundai wants to strengthen communication with shareholders and other stakeholders.

New investment in fuel cell technology

The Hyundai Group will initially invest heavily in the construction of an electric vehicle factory and start it gradually. In the second quarter of this year, the Kia subsidiary will complete the construction of an electric vehicle factory in Gwangmyeong and produce and sell the Kia EV3 electric car at home and abroad. In the second half of 2025, the company will complete the construction of Kia’s electric car factory in Hwaseong. Hyundai Motor Company’s Ulsan plant plans to mass produce a variety of, “starting with Genesis’ largest electric SUV model in the first quarter of 2026”.

In addition, Hyundai Motor Group, which aims to connect all value chains of the hydrogen industry with HTWO Grid solutions, plans to accelerate the development of next-generation fuel cell systems, hydrogen buses and trucks, and the construction of charging stations for hydrogen. In addition, in addition to developing new mobility equipment, the company plans to focus on the development of AAM aircraft, which are scheduled to be sold in 2028.

Commenting on Hyundai Motor Group’s announcement of tens of thousands of new jobs and investment, a spokesperson for the carmaker said: “We plan to further strengthen our competitiveness in our future Korea-focused business by creating more jobs and investments in Korea.” He continued to say:We will strive to provide our customers with highly satisfactory services and different technologies and products in various new business areas that will serve as new growth engines as well as in core business areas.

Source: Hyundai – press release dated March 27, 2024